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Yahoo's Revenue Soars 47% in Quarter; Profits Beat Estimates

Authored by Mark Hefflinger on October 19, 2005 - 10:17am.
Sunnyvale, Calif. - Buoyed by the success of its fee-based services and an increase in online advertising, Yahoo on Tuesday reported a 47% jump in quarterly revenue, though net income remained about the same as a year ago, when the company was helped by a large investment gain. The company reported a profit of $253.8 million, compared with $253.3 million a year ago, when it realized a $129 million gain on the sale of Google shares. Earnings per share of $0.17 topped analysts' estimates by $0.03, according to a survey by Thomson First Call. The big story, however, was the company revenue, which rose from $906.7 million to $1.33 billion. The news helped send the company's stock up nearly 1% in after-hours trading.
tags: Yahoo | Revenue Soars | Quarter | Profits |